XRP, the native token of the XRP Ledger, has fallen below the $1 mark as the cryptocurrency market faces heightened levels of fear. This decline comes amid a broader sell-off in the crypto market, with Bitcoin also experiencing a dip below $70,000. The Crypto Fear & Greed Index currently registers between 13 and 20, indicating “Extreme Fear” among market participants. CoinGlass data revealed that approximately $16.94 million in XRP positions were liquidated over the past 24 hours, suggesting that leveraged selling played a significant role in XRP’s price movement.
Key Takeaways
- XRP’s recent dip below $1 appears consistent with a broader market downturn, driven by extreme fear sentiment.
- The liquidation…
